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Korea’s Minimum Wage Ranking Among OECD Nations Overstated, Critics Say

Korea’s Minimum Wage Ranking Among OECD Nations Overstated, Critics Say

SEOUL, May 14 (Korea Bizwire) – While official statistics appear to show South Korea’s minimum wage closing in on the average for developed economies, experts argue this effect is an illusion stemming from how the country calculates average wages compared to international standards.  According to a report on minimum wage trends and global comparisons released on

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South Korea Weighs Taxing Synthetic Nicotine Products as Regulation Debate Intensifies

South Korea Weighs Taxing Synthetic Nicotine Products as Regulation Debate Intensifies

SEOUL, May 14 (Korea Bizwire) – As the South Korean government accelerates research into the potential hazards of synthetic nicotine to determine regulatory measures, attention is turning to whether these products could be subject to tobacco taxes. If synthetic nicotine is included under the Tobacco Business Act’s regulatory purview, liquid-based synthetic nicotine products, which have so

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Highway Worker Honored for Pioneering Color-Coded Lane Markers

Highway Worker Honored for Pioneering Color-Coded Lane Markers

SEOUL, May 14 (Korea Bizwire) – A South Korean highway employee who pioneered the use of color-coded lane markers at highway exits over a decade ago has been awarded one of the country’s highest civilian honors. On May 11, the Ministry of the Interior and Safety held a Government Innovation Awards ceremony, bestowing honors on six

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South Korean Power Cable Maker Tops Trading on AI Data Center Hopes

South Korean Power Cable Maker Tops Trading on AI Data Center Hopes

SEOUL, May 14 (Korea Bizwire) – Taihan Electric Wire emerged as the most actively traded stock on South Korea’s equity market on May 13, buoyed by expectations that the artificial intelligence boom will spur investment in power infrastructure to support expanding data centers. Shares of Taihan Electric Wire closed at 18,110 won on the main Kospi

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Seoul Metro Installs Deterrents and Anti-Collision Systems to Protect Wild Birds

Seoul Metro Installs Deterrents and Anti-Collision Systems to Protect Wild Birds

SEOUL, May 14 (Korea Bizwire) – The Seoul Metropolitan Rapid Transit Corporation, which operates subway lines 1 through 8 in Seoul, announced that it is installing bird spikes to prevent pigeons from perching and anti-collision facilities to protect wild birds. This move aims to block pigeon entry into stations while safeguarding avian wildlife. According to the

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Naver’s Potential Sale of LINE Yahoo Stake Stirs Unrest at Korean Units

Naver’s Potential Sale of LINE Yahoo Stake Stirs Unrest at Korean Units

SEOUL, May 14 (Korea Bizwire) – As Naver weighs selling its stake in LINE Yahoo to SoftBank, employees at LINE’s Korean subsidiaries are grappling with uncertainty about their future. Just six months after the merger of LINE and Yahoo Japan, Naver’s consideration of divesting its LINE Yahoo shares has sparked concerns about job security among workers.

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Search Interest in Line App Soars Amid Concerns Over Japanese Demands

Search Interest in Line App Soars Amid Concerns Over Japanese Demands

SEOUL, May 13 (Korea Bizwire) – The attention of South Koreans has intensified around the “Line crisis” triggered by demands from the Japanese government, including a review of Naver’s stake in the messaging app Line. This has led to a 15-fold surge in online searches for “Line” over the past four days.  According to Naver Data

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